The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
180 jobs Number of planned job losses
Announcement Date
6 September 2006
Employment effect (start)
29 September 2006
Foreseen end date
Description
Delta Homes (Ireland) Ltd has announced 180 job losses in Macroom, County Cork, to take place immediately, and resulting in the closure of the plant. The company, which makes bathroom and kitchen pods for the construction industry, had experienced financial difficulties recently and sought new investors.
The company, which had a turnover of 9 million in 2004, continued to grow last year when it increased turnover to over 17 million and increased its workforce to 180 staff. But the failure to fill a lull in contracts this autumn led to yesterday's announcement. Delta Homes confirmed it had invited the Bank of Scotland (Ireland) to appoint a receiver but a company spokeswoman said no details were available yet on what redundancy payments staff would receive.
Sources
7 September 2006: The Irish Times
7 September 2006: The Irish Independent
Citation
Eurofound (2006), Delta Homes (Ireland), Closure in Ireland, factsheet number 64021, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64021.
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